Arista Networks (ANET) Receiving Somewhat Favorable Media Coverage, Study Shows
Media headlines about Arista Networks (NYSE:ANET) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arista Networks earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.0218280482608 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Arista Networks, Inc. (ANET) Insider Andreas Bechtolsheim Sells 39,680 Shares (americanbankingnews.com)
- Time to Focus on Arista Networks (ANET) for Strong Earnings Growth Potential (finance.yahoo.com)
- Notable Runners: Semiconductor Manufacturing International Corporation, (NYSE: SMI), Arista Networks, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Arista Networks: Expect Consolidation Before Higher Highs – TheStreet.com (realmoney.thestreet.com)
ANET has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of Arista Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $235.00 target price for the company. Needham & Company LLC boosted their target price on shares of Arista Networks from $217.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Piper Jaffray Companies initiated coverage on shares of Arista Networks in a research note on Monday, November 13th. They issued a “neutral” rating and a $230.00 target price for the company. Royal Bank Of Canada upgraded shares of Arista Networks from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Finally, Cowen Inc reiterated a “buy” rating and issued a $200.00 target price on shares of Arista Networks in a research note on Friday, November 3rd. Sixteen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Arista Networks presently has an average rating of “Buy” and an average target price of $187.21.
Shares of Arista Networks (NYSE ANET) traded up $3.07 during midday trading on Friday, reaching $242.06. 298,113 shares of the company traded hands, compared to its average volume of 863,830. The stock has a market cap of $17,690.00, a price-to-earnings ratio of 57.45, a PEG ratio of 2.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. Arista Networks has a 12 month low of $87.33 and a 12 month high of $245.65.
In other news, SVP Kenneth Duda sold 8,687 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $174.94, for a total transaction of $1,519,703.78. Following the completion of the sale, the senior vice president now owns 1,593 shares of the company’s stock, valued at $278,679.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andreas Bechtolsheim sold 39,680 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $241.92, for a total transaction of $9,599,385.60. The disclosure for this sale can be found here. In the last three months, insiders sold 362,642 shares of company stock valued at $79,752,857. 28.09% of the stock is owned by insiders.
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Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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